2933 W 8th Street is a charming, well-maintained 40-unit apartment building located in Koreatown, a highly desirable submarket of Los Angeles. The Property features a favorable unit mix of 32 studios and 8 1+1 units, presenting the opportunity for an investor to acquire a well-maintained asset with the potential to add value through additional renovations. 21 of the 40 units have been extensively renovated with high-end finishes which include new stainless-steel appliances, laminate and tile flooring, new kitchen cabinets and tile backsplashes, new fixtures, new paint, new based moldings, and energy efficient LED lighting, and 2 of the units have been partially renovated. Exterior and building upgrades include a new roof, boiler, solar thermal system, newly painted hallways with LED lights, and a renovated elevator cab. The Property is located in an amenity rich location, near entertainment, shopping, hotels, and restaurants along with local transportation.
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